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after today white house meeting nancy pelosi said she was encouraged a little. >> but it was constructive and candor is constructive and i think it moved us forward. well see. >>reporter: republicans blame president obama for the collapse of a bigger deal which would have cut spending and reduce the debt. >> it is the president's responsibility to layout a plan and to bring people together. >>reporter: tonight senate majority leader reid and senate republican leader mcconnell agreed to spend the weekend working on plan that will be able to pass both chambers of congress. in assessing the impact of the cuts we relied on the study from george mason university taking a broad look at where the cuts would come. drill down into specifics we call head start program. we called health care centers and laboratories and anybody who would rely on federal money this might be cut and what we were told universally is that nobody really had an idea of which programs would be cut and which programs would be spared. they are all waiting for the word from congress. like the rest of us. 7 news. >> and we wai
after today white house meeting nancy pelosi said she was encouraged a little. >> but it was constructive and candor is constructive and i think it moved us forward. well see. >>reporter: republicans blame president obama for the collapse of a bigger deal which would have cut spending and reduce the debt. >> it is the president's responsibility to layout a plan and to bring people together. >>reporter: tonight senate majority leader reid and senate republican leader...
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Dec 28, 2012
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pelosi are joining president obama and the vice-president. the white house insists the president is not putting new offers on the table but there are reports of a compromise to raise tax rates for them. both sides say thar are disappointed. >> it is totally a lack of courage to deal with these issues. from washington to wall street there is a sense of gloom but the prospects of deal. here in dc a new furlough warning went out to federal workers, deep spending cuts and tax hikes go into effect for every 1 on new year's eve if congress doesn't take action. kyla campbell, ktvu channel 2 news. >> thanks, if the president and congress are not able to avoid the fiscal cliff experts say people here in california will be hit especially hard because prop 30 voted into law in november will mean higher sales taxes and income taxes on the state's top earners. the fiscal cliff would add to that, hitting all americans with higher taxes. >> i don't know there is a word to describe how pissed the public is going to be, nobody going to be happy to see that ha
pelosi are joining president obama and the vice-president. the white house insists the president is not putting new offers on the table but there are reports of a compromise to raise tax rates for them. both sides say thar are disappointed. >> it is totally a lack of courage to deal with these issues. from washington to wall street there is a sense of gloom but the prospects of deal. here in dc a new furlough warning went out to federal workers, deep spending cuts and tax hikes go into...
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Dec 28, 2012
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obama will hold a "fiscal cliff" summit with nancy pelosi, john boehner, mitch mcconnell and harry reid and today's meeting may be the last realistic chance to come to an agreement before the end of the year. >> here we are five days from the new year and we might finally start talking. >> i don't know how it could happen time-wise. >> it could make its way through procedural hurdles every time only if every senator agrees not slow down the process. of the house won't be back in session until sunday night. >>> a former bay area city councilman is about to learn firsthand how washington works or doesn't. 31-year-old newly elected congressman is heading into a capitol hill quagmire. he said he is ready to bring small town solutions to capitol hill to help prevent and avoidable "fiscal cliff. >> i'm confident there can still be a buzzer beater here where we can beat the clock and deliver on middle class taxes. >> congressman swalwell will be the second youngest member congress to be sworn in on january 3. he leaves sunday for d.c. to pick up his new keys to his office. >> good luck. >>> ne
obama will hold a "fiscal cliff" summit with nancy pelosi, john boehner, mitch mcconnell and harry reid and today's meeting may be the last realistic chance to come to an agreement before the end of the year. >> here we are five days from the new year and we might finally start talking. >> i don't know how it could happen time-wise. >> it could make its way through procedural hurdles every time only if every senator agrees not slow down the process. of the house...
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Jan 1, 2013
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that is from nancy pelosi. obviously the combination of democratic votes and republican votes in the house would be needed to pass anything because the republican opposition to whatever comes out of the senate if in fact a piece of legislation does come out tonight will probably be great. just hearing from some of the republican reaction to the no additional spending cuts part of the framework of this original deal. also remember this, that this negotiation has been really going on for some 18 months. lawmakers, the white house have known about this for a long time. we are about an hour and a half away from the top of the new year, from 2013. we are an hour a half away from the final fiscal cliff deadline that congress will now miss. we have not seen a piece of legislation on o the floor yet and we may still as we continue to monitor all things up and capitol hill. we have you covered. we also have you covered up at times square with ma megyn kely and bill hemmer up at times square. they are having more fun. ke
that is from nancy pelosi. obviously the combination of democratic votes and republican votes in the house would be needed to pass anything because the republican opposition to whatever comes out of the senate if in fact a piece of legislation does come out tonight will probably be great. just hearing from some of the republican reaction to the no additional spending cuts part of the framework of this original deal. also remember this, that this negotiation has been really going on for some 18...
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Dec 28, 2012
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. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> it is nearly 4:40 now. secretary of state hillary clinton plans to return to wo
. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can...
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Dec 26, 2012
12/12
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if we can figure this out, you know that john boehner and nancy pelosi and the wimps in the chambers are trying to figure it out. the right combination of the income threshold for tax increases with entitlement cuts, we haven't found it. the theory that republicans only want to pass something with the majority, that worked for haster when he was speaker. it's hard to see what kind of tax increase will get a majority of republicans and bring along enough democrats. boehner couldn't pass a million dollar tax increase. why do we think he can get something out of the house if they lower it to 400,000 or 500,000. we are skeptical that they can come together with the solution in the next five or six days. >> marty, we spent a lot of time talking about the house. what is mitch mcconnell thinking in the senate? >> he is a fascinating part of this. first of all, he is probably going to vote against any deal that raises taxes. whether he actively whips against it or lets it go, there is a number of senate republicans who seem open to upper income tax increases. some of the new england moderate
if we can figure this out, you know that john boehner and nancy pelosi and the wimps in the chambers are trying to figure it out. the right combination of the income threshold for tax increases with entitlement cuts, we haven't found it. the theory that republicans only want to pass something with the majority, that worked for haster when he was speaker. it's hard to see what kind of tax increase will get a majority of republicans and bring along enough democrats. boehner couldn't pass a...
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Dec 28, 2012
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. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> today's meeting will be the first time president obama and all four leaders of
. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can...
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Dec 25, 2012
12/12
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apparently nancy pelosi was right about the obamacare program, at least when she uttered these now infamous words, calling for passage of the legislation. >> we have to pass the bill so that you can find out what is in it. away from the father of the controversy. lou: is getting rid of obamacare so one option for republicans? we will talk with legal analyst peter johnson on the way forward. also, the worsening political crisis in egypt. splitting egypt between those who want the islamic state, governed by sharia law, and those who oppose it. andrew boston this year. the professor and the author of the new book "sharia versus freedom." in the nation's credit rating is at risk. serious proposals to reduce the deficit and really end our national debt. potentially, a significant blow to the obamacare controversial o contraceptive mandate. the eighth circuit court of appeals in the preliminary injunction to stop the mandate for being enforced against the missouri catholic businesswne owners.the li the list of statesst o now, refg to set up state-run health care exchanges for insurance. it is gro
apparently nancy pelosi was right about the obamacare program, at least when she uttered these now infamous words, calling for passage of the legislation. >> we have to pass the bill so that you can find out what is in it. away from the father of the controversy. lou: is getting rid of obamacare so one option for republicans? we will talk with legal analyst peter johnson on the way forward. also, the worsening political crisis in egypt. splitting egypt between those who want the islamic...
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Dec 28, 2012
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president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it
president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m.,...
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before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy g
before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a...
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Dec 28, 2012
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pelosi, which mcconnell, and john boe hner have four days to reach agreement or spending cuts would take effect. >> both sides are involved in a high-stakes political blame game. >> we are here in washington working. the members of house of represented or out watching movies, and watching the kids play soccer, basketball, and doing all kinds of things. they should be here. >> i told president i will be happy to look at what ever he proposes. a hard deadline. as i said this is the conversation we should of had to go. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more per year. republicans remain against any tax increases. >> most americans just wasn't begun. >> people are tired. >> islamic not reach a deal by january 1st many economists are concerned it could lead to another recession. >> ibm ed paine reporting. >> and other nationals former president george h. w. bush is still in intensive care at houston hospital this morning dealing with the stubborn fever. >> the former president's family is confident that he will be out o
pelosi, which mcconnell, and john boe hner have four days to reach agreement or spending cuts would take effect. >> both sides are involved in a high-stakes political blame game. >> we are here in washington working. the members of house of represented or out watching movies, and watching the kids play soccer, basketball, and doing all kinds of things. they should be here. >> i told president i will be happy to look at what ever he proposes. a hard deadline. as i said this is...
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will the have the votes nancy pelosi is going to march in the troops and get it through. if something that is something that mitch mcconnell suggested there could be also a different outcome. >> were going to be the winners and losers? >> obama, special interest, the american people everyone, overall is going to be a winner. the big loser is two months down the road what are we going to do. >> there is a lot of finger- pointing going on. you could say what is hobbling the ointment. >> i would say that congress. and they have had nearly two days in the have not had this done. here we are, new year's eve and nearly tomorrow. >> with a new year, happy new year. if you'd like to connect you can follow him on twitter - his handle is "at- yaki-blog." >> jacqueline: we are seeing some cloud coverage. with clear conditions by midnight it is racing to the bay area. some clouds will remain by aid and by midnight, patchy clouds. temperatures will be dropping, dramatically. visibility should be good. as we take a look of the satellite & radar for rainfall is offshore. there is cloud
will the have the votes nancy pelosi is going to march in the troops and get it through. if something that is something that mitch mcconnell suggested there could be also a different outcome. >> were going to be the winners and losers? >> obama, special interest, the american people everyone, overall is going to be a winner. the big loser is two months down the road what are we going to do. >> there is a lot of finger- pointing going on. you could say what is hobbling the...
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at least so far as nancy pelosi is concerned. you can see this tape. she obviously has left the meeting. john boehner, the speaker of the house, has also been seen leaving. so what we want to do is find out what is going on here. obviously we have our jessica yellin there and we will talk to her a little later about what she has learned. now, the fiscal cliff and these last-ditch talks is the only game in town. joining me for today's strategy session is roland martin and cnn contributor erick erickson, editor-in-chief of. they are saying, hey, we don't have to compromise. we have more people in congress coming in that are democrats. the president doesn't have to give on that $250,000 top. where do you stand on this? do you think the president does or should compromise up to -- particularly on the tax issue? >> you can't be a democrat and ask republicans to compromise if you don't want to give up something. i think the president clearly understood that. so when he laid the $250,000 out, he gave himself some room because, again, you saw speaker boehner's
at least so far as nancy pelosi is concerned. you can see this tape. she obviously has left the meeting. john boehner, the speaker of the house, has also been seen leaving. so what we want to do is find out what is going on here. obviously we have our jessica yellin there and we will talk to her a little later about what she has learned. now, the fiscal cliff and these last-ditch talks is the only game in town. joining me for today's strategy session is roland martin and cnn contributor erick...
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Dec 29, 2012
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so the last ditch effort the hail hary pass was the house of representatives saying fine let's take nancy pelosi and chuck schumer's bill that they proposed this summer to extend the tax rates on every household and every small business a million dollars and below, allow them to go up on the million dollars and above which is the current law on january 1, let's do that. that ought to be something we can agree on. let me add this. when we he voted on our bill in the house this summer it was a clean extension which was an extension for are everyone in america not only did every republican vote for that but 19 democrats did as well. so this is why it is so frustrating for those in the house is that now we are close to the cliff. >> greta: and frustrating -- >> and we can't even get a single democrat to join with us. >> greta: if you think you are frustrated try the american people as they watch what is going on. congressman, thank you, sir. good luck, sir. >> call the senate and get them to act. we can't negotiate with nothing. >> greta: i don't think they would listen to me. thank you, cong
so the last ditch effort the hail hary pass was the house of representatives saying fine let's take nancy pelosi and chuck schumer's bill that they proposed this summer to extend the tax rates on every household and every small business a million dollars and below, allow them to go up on the million dollars and above which is the current law on january 1, let's do that. that ought to be something we can agree on. let me add this. when we he voted on our bill in the house this summer it was a...
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Dec 28, 2012
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pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and congressional staff, but that's been true throughout this entire saga. with the deadline looming there were dire predictions. >> come the first of this year americans will have less income than they have today. >> reporter: and recriminations. >> now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. >> reporter: the senate
pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the...
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senate majority leader harry reid, minority leader, mitch mcconnell, john boehner and nancy pelosi. all four met at the white house yesterday afternoon with the president and vice president. and jessica yellin is our chief white house correspondent, and jessica, the president used his bully pulpit after that meeting to sort of reinforce the idea that senators need to get busy. so let's give that a listen first. >> the american people are watching what we do here. obviously, their patience is already thin. this is dejavu all over again. america wonders why it is that in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> jessica, you were in the room for the president's remarks and he said he was optimistic but he was also clearly a bit ticked off. so i'm wondering about this waiting until the last minute, the weekend, to get this all done. what is the
senate majority leader harry reid, minority leader, mitch mcconnell, john boehner and nancy pelosi. all four met at the white house yesterday afternoon with the president and vice president. and jessica yellin is our chief white house correspondent, and jessica, the president used his bully pulpit after that meeting to sort of reinforce the idea that senators need to get busy. so let's give that a listen first. >> the american people are watching what we do here. obviously, their patience...
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Jan 1, 2013
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pelosi would deliver, potentially for a deal like 24 with no speing cuts to pass it there, tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd, you're saying as we sit here this evening, we're hearing there may be a senate vote tonight, the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in your piece there, judy, with the tax rates at 450 for families, dividends would go up, the estate tax part of it. whats important is the one year extension unemployment benefit there are 2 million people set to lose their benefits, so that is all in there. everybody must keep in mind that no matter what happens, even if you are under 450 or 250 as the president has been discussing, your taxes are going up tonight because the payroll tax holiday expires, that happens for everybody. they're not going to renew that holiday. so that is important to remember. on the tax side, they appear to be pretty much there.
pelosi would deliver, potentially for a deal like 24 with no speing cuts to pass it there, tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd, you're saying as we sit here this evening, we're hearing there may be a senate vote tonight, the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in...
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Dec 31, 2012
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pelosi would deliver potentially for a deal like 24 with no spending cuts to pass it there tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd you're saying as we sit here this evening, we're hearing there may be a senate vote tonight the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in your piece there, judy, with the tax rates at 450 for families dividends would go up, the estate tax part of it. what is important is the one year extension on unemployment benefits. there are 2 million people set to lose their benefits, so that is all in there. everybody must keep in mind that no matter what happens even if you are under 450 or 250 as the president has been discussing your taxes are going up tonight because the payroll tax holiday expires, that happens for everybody. they're not going to renew that holiday. so that is important to remember. on the tax side they appear to be pretty much there.
pelosi would deliver potentially for a deal like 24 with no spending cuts to pass it there tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd you're saying as we sit here this evening, we're hearing there may be a senate vote tonight the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in your...
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Dec 26, 2012
12/12
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obama had nancy pelosi as speaker of the house. but hardly the same thing. host: from massachusetts on the line, democrat. caller: good morning. i have a comment and question. i am trying to find out, the situation you're in right now, why is everybody fighting about what we should do? i am gmt and i am broke every day. i'm down here with people that paid taxes and work hard every day. -- i am an emt. people don't understand that would ever happens with the fiscal cliff, people down here will survive. the republicans, this will definitely affect them in the future. i talked to people all over boston every day. nobody wants to vote for republicans anymore, because of the fact that they don't seem to care about people that struggle everyday. it's the people that have money but don't care about people who don't have money. it's been like that for hundreds of years. it's time for change. we have a democrat in the chair. the republicans had their chance when they had pushed. there's a lot of things that should be changed in this world. we rant on about the econom
obama had nancy pelosi as speaker of the house. but hardly the same thing. host: from massachusetts on the line, democrat. caller: good morning. i have a comment and question. i am trying to find out, the situation you're in right now, why is everybody fighting about what we should do? i am gmt and i am broke every day. i'm down here with people that paid taxes and work hard every day. -- i am an emt. people don't understand that would ever happens with the fiscal cliff, people down here will...
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for house speaker john boehner to agree to bring it to a vote on the house floor and leader nancy pelosi to predict a huge number of democrats needed to pass it. but if that plan falling through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> reporter: the president's basic package has much more for democrats to like. so don't expect that to get very far, but all sides now agree the senate must first pass a bill before the house makes any kind of move. so all eyes will be on mitch mcconnell and harry reid and their negotiatorsoled up on capitol hill. the senate comes back into session at 1:00 on sunday. christi, alison? >>> and the cliffhanger continues. jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask
for house speaker john boehner to agree to bring it to a vote on the house floor and leader nancy pelosi to predict a huge number of democrats needed to pass it. but if that plan falling through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> reporter: the president's basic package has much more for democrats to like. so don't expect that to get very far, but all sides now agree the senate must first pass a bill before the house...
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house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it impossible? peter: it is not impossible. you
house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare...
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Dec 29, 2012
12/12
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and leader nancy pelosi to produce the huge number of democrats needed to pass it. if that plan falls through -- >> i will urge senator reid to bring to the floor a basic package for an up or down vote. >> so what are the chances that will happen? lisa desjardins is live on capitol hill. lisa, what is happening right now to reach a deal? who right now is involved in the negotiations? >> reporter: you know, this fiscal cliff that affects pretty much every american is now down to just a handful of people here at the capitol trying to work out a deal. at the top of the list are senators mcconnell and reid that you heard about in jessica's story. but also very important today will be their top staffers. their chiefs of staff. our producer, ted barrett, reports that the chiefs of staff will be working with each other trying to hammer out a deal, then talking to their bosses, the senators. then we'll find out tomorrow probably how far that deal can go. what's the starting point for that deal? we know a little bit. this is coming from senate majority leader harry reid as w
and leader nancy pelosi to produce the huge number of democrats needed to pass it. if that plan falls through -- >> i will urge senator reid to bring to the floor a basic package for an up or down vote. >> so what are the chances that will happen? lisa desjardins is live on capitol hill. lisa, what is happening right now to reach a deal? who right now is involved in the negotiations? >> reporter: you know, this fiscal cliff that affects pretty much every american is now down...
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Dec 31, 2012
12/12
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president obama in a radically different congress controlled by house speaker nancy pelosi and senate majority leader harry reid revisitted the bush tax cuts. in two separate votes in february, 2009, and december, 2010, democrats could have increased taxes on the wealthy if they really believed that what they now say. did they raise taxes on the wealthy? no. why not? democrats could have permanently protected lower and middle income families there higher taxes if democrats really believed what they now say. did they? no. why not? mr. speaker, why would a democrat congress and white house say they want to tax the wealthy but not do it? why would a democrat congress and white house say they want permanent tax relief for lower and middle income taxpayers yet not give it? the answer is simple, washington democrats twice voted against tax increases on the wealthy and twice voted against giving permanent tax relief to lower and middle income families so that they could run campaigns onp human emotions like greed, envy, and class warfare, and campaign against the very tax policies democrats
president obama in a radically different congress controlled by house speaker nancy pelosi and senate majority leader harry reid revisitted the bush tax cuts. in two separate votes in february, 2009, and december, 2010, democrats could have increased taxes on the wealthy if they really believed that what they now say. did they raise taxes on the wealthy? no. why not? democrats could have permanently protected lower and middle income families there higher taxes if democrats really believed what...
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Dec 25, 2012
12/12
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pelosi. between the both of you, we had bipartisan working together. thank you very much. i am very proud to be here. we are here today to recognize a legend. a legend, a giant amongst golfers throughout the world. arnold palmer'lf one history will eve remember, and all of us can go back and look. he has set an example for many individuals who aspire to become doctors or professional golfers, because it was not just about winning the golf tournament. it was also about giving back to our communities. and, arnold, not only is applauded come up at caring individual for is family. he set an example for many individuals who want to get into the game of golf, who want to be role models. he is my champion. he is my role model. not just because he won the u.s. amateur in 1954 and not just because he won a total of 92 professional events, including four wins at the masters, two wins at the british open, one at the u.s. open. not only because he played in six ryder cups and help the united states to vi
pelosi. between the both of you, we had bipartisan working together. thank you very much. i am very proud to be here. we are here today to recognize a legend. a legend, a giant amongst golfers throughout the world. arnold palmer'lf one history will eve remember, and all of us can go back and look. he has set an example for many individuals who aspire to become doctors or professional golfers, because it was not just about winning the golf tournament. it was also about giving back to our...